This Is What Whales Are Betting On ServiceNow
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on ServiceNow (NYSE:NOW) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 57% bullish and 42% bearish. The price target for ServiceNow over the last 3 months has been between $280.0 to $590.0. HSBC, Stifel, and JMP Securities have all downgraded their actions to Buy with price targets of $704, $640, and $665 respectively.
October 10, 2023 | 3:45 pm
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ServiceNow has seen a significant bullish stance from a large investor, with a price target range of $280-$590. However, HSBC, Stifel, and JMP Securities have downgraded their actions to Buy with higher price targets.
The bullish stance from a large investor indicates a positive outlook for ServiceNow. However, the downgrades from HSBC, Stifel, and JMP Securities, despite their higher price targets, suggest a more cautious approach. This could lead to increased volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100